Lomiko Metals Renews Shareholder Right Plan
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Lomiko Metals Renews Shareholder Right Plan
September 13, 2017 TSX-V: LMR
Vancouver, BC LOMIKO METALS INC. (the “Company” or “Lomiko” ) (TSX-V:LMR, O TC: LMRMF,
Frankfurt: DH8C) announces that its Board of Directors (the "Board") has approved the renewal of the shareholder
rights plan (the "Plan") which was ratified at its annual and special meeting of the shareholders on October 30, 2014.
The Plan had an initial term which will expire at the Company’s annual general meeting of shareholders to be held
on October 27, 2017. If ratified and renewed, a copy of the rights plan will be available for viewing on SE DAR and
may also be obtained from Company subsequent to its 2017 annual general meeting of shareholders.
Lomiko will not be renewing the Plan in response to any specific proposal to acquire control of its outstanding
securities. The Plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders.
It is not the intention of the Plan to entrench management or prevent a change of control of Lomiko to the detriment
of shareholders. The Plan will not apply to takeover bid s that meet certain requirements including that the bid be
made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will
have an adequate opportunity to assess the merits of any such bid.
The Plan has been designed to encourage the fair and equal treatment of shareholders in connection with any
takeover bid for Lomiko’s outstanding securities, and will provide the board of directors with additional time to
assess the advantages and disadvantages of any particular offer, and to seek out alternative proposals in the best
interests of all shareholders.
If renewed and ratified, the Plan will have an initial term which will expire at Lomiko’s annual general meeting of
shareholders to be held in 2020; the Plan may also be reconfirmed and extended at that annual general meeting and
at every third annual general meeting thereafter. If ratified as disclosed above, a copy of the new rights plan will be
available for viewing on SEDAR and may also be obtained from Lomiko subsequent to its 2017 annual general
meeting of shareholders.
For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604 -729-5312 or by email
at: [email protected].
On Behalf of the Board of
LOMIKO METALS INC.
Signed: “A. Paul Gill”
A. Paul Gill,
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.